Espresso Shot of the Day - Escorts Kubota Ltd up by 8.12%

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Espresso Shot of the Day - Escorts Kubota Ltd up by 8.12%

November 21, 2022
Espresso Shot of the Day - Escorts Kubota Ltd up by 8.12%

ESCORTS KUBOTA LTD 2196.60  (+8.12%) BSE –INE042A01014 | 21st November 2022

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Escorts Kubota Limited is one of India’s leading engineering conglomerates operating in the high-growth sectors of agri-machinery, construction & material handling equipment, railway equipment and auto components. With over 1 million tractors in the fields in India, 16,000 construction and material handling equipment and 5 million auto-components manufactured till date, Escorts is leveraging its engineering expertise and is being positioned as a change agent in the agriculture, construction equipment and automotive sectors. Escorts’ vision is to be among the top engineering companies in India. The company is confident it will achieve this goal by being the preferred solution provider to the needs of their customers, by practicing respectful and ethical business practices, by being the employer of choice within the engineering industry, and by providing superior returns to our investors.


Recent Drivers

  • On November 21, 2022, Shares of Escorts Kubota climbed by more than 7 per cent, post the company's medium-term business plan post analyst meet and a plant visit at Faridabad facility.
  • On November 8,2022, Escorts Kubota Ltd said that it will increase the price of its tractors from November 16, 2022. The price hike with effect from November 16 has been implemented to offset the impact of the cost inflation in both commodity and other costs.
  • The Board of Escorts Kubota approved a proposal to purchase Rough Terrain (RT) Crane Business and the associated equipment and parts (including spare parts) from Tadano Escorts India Private Limited (TEIPL) for a lumpsum consideration of ?16.59 crores by way of slump sale on a going concern basis.
  • On November 5,2022, the company reported a net profit of Rs.87.66 crores in September 2022.
  • On November 5,2022, the company reported a net sale of Rs. 1,883.48 crores in September 2022, up 13.31% from the Rs. 1,662.26 crores in September 2021.
           (Sources: BSE, Moneycontrol, Economics Times)


Technical Force

  • S&P BSE 500 month till date gain by 0.22%.
  • 3 months avg. NSE volume: 639,814
  • Quantity traded: 1,35,426| Deliverable quantity: 36,389 (26.87%).
  • Stock price jumped by more than 50 % from a one-year low level: 1400.00 (June 30, 2022)
  • Daily RSI (14) is nearby overbought territory today.
  • 52-week-high: 2206.15| 52-week-low: 1400.00.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

3016.35

2471.85

2189.10

1644.60

1361.85

817.35

534.60

-

Fibonacci Pivot

2471.85

2155.84

1960.61

1834.87

1644.60

1454.33

1328.59

1133.36

817.35


Today’s Close

2196.60

SMA

BSE

10 DAY

2020.12

20 DAY

2012.50

50 DAY

2029.01

200 DAY

1779.72


Some Key Ratios (Source: BSE)

Market Cap:  28,842.22 Crores

PE:  45.37

OPM%: 8.36

ROE%:  7.93

Promoters holding%: 72.90

Prev. Close:  2031.70


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.